Bar and Restaurant for Sale with High Profits 001282
Price: $829,000
Location: Tarrant County, Texas
Industry: Restaurants & Food/American Restaurants
Listing ID: 001282
Bar and restaurant for sale! This highly profitable vintage restaurant for sale is located in a historic district of Tarrant County, Texas. Established in 2007 by the current owner, this restaurant has been growing consistently since opening its doors. The menu features an array of flavorful dishes that are both innovative and familiar, including sandwiches, burgers, steaks, seafood, pasta dishes, and desserts accompanied by a choice selection of beer and wine. The free-standing facility is 2,500 sq ft and is highly visible to oncoming traffic. The customer base is diverse, ranging from professional workers during lunch hours to families during dinner hours.
There is indirect competition coming from other restaurants in the area. The restaurant stands apart from others due to its strong brand presence and the incorporation of live music events. A quality website and various social media accounts have helped promote the business. There is great potential for growth as the business could increase hours of operation or offer delivery/catering services via online platforms. Currently run by a semi-absentee owner with minimal involvement in daily operations, occasionally develops new menu items and provides demos for kitchen staff when needed, this restaurant would be ideal for someone with experience in management and the industry.
Down Payment: $166,000
Total Sales: $1,120,360
Cash Flow: $195,730
Inventory: $15,000 (Included in listed price)
FFE: $75,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Health
Training & Support:
The owner will provide training for an agreed-upon period of time to enable a smooth transition into the business.
Year Established: 2007
Employees: 8FT/12PT
Absentee Owner: Yes
Square Footage: 2,500 SF
Facilities Information:
The freestanding facility is a 2,500 SF historic building in Tarrant County on a 10,000 SF lot. The location is prime and is highly visible to oncoming traffic in a busy area lined with other retail stores and a nearby affluent neighborhood, providing a steady flow of customer traffic.
Competition:
Other restaurants in the immediate area are indirect competition for this restaurant which stands apart with its well-established brand, and live musical performances.
Potential Growth:
Huge growth potential can be achieved by expanding the hours of operation, currently open 30 hours per week. Catering and delivery using third-party services can also be explored to boost revenue even further.
Financing/Terms:
100% cash down or 20-30% cash down with SBA Financing
